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    SRC Holdings: Winning the game while sharing the prize

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    http://www.cluteinstitute.com/ojs/index.php/JBCS/article/view/8328/8357
    Permanent Link
    http://hdl.handle.net/11603/196
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    Author/Creator
    Street, Vera L.
    Street, Marc D.
    Weer, Christy H.
    Shipper, Frank
    Date
    2014
    Type of Work
    Collection
    Citation of Original Publication
    Street, V. L., Street, M. D., Weer, C. H., & Shipper, F. (2014). SRC Holdings: Winning the game while sharing the prize. Journal of Business Case Studies, 10(1), 43-58.
    Rights
    CC-BY
    Subjects
    Employee Ownership
    ESOP
    Profit Sharing
    Shared Leadership
    Abstract
    SRC Holdings Corporation, formerly Springfield Remanufacturing Corp., is a well-known manufacturing enterprise comprised of numerous companies spread across 12 Business Units engaged in activities ranging from manufacturing to packaging to management consulting and training. However, their primary business expertise and core competency is remanufacturing -- the process of taking used transportation parts, for example, and returning them to their OEM (original equipment manufacturer) specifications. Headquartered in Springfield, Missouri, the SRC story is one of tremendous financial success, virtually from the beginning of the organization in 1983. At that time, a share of stock was worth 10¢; as of 2012, a single share is valued at about $361! But although the company is well-known for its financial record, it is safe to say that it is most famous for its founder and current CEO, Jack Stack, and his insistence on converting his company into an employee-owned firm very early on. The subsequent success of SRC and the role its employee stock ownership plan (ESOP) played in this success is legendary. Thus, it’s not surprising that both the SRC ESOP and Jack Stack play central roles in this case study.


    Salisbury University
    Guerrieri Academic Commons
    1101 Camden Ave.
    Salisbury, MD 21801

    www.salisbury.edu

    Contact Information:
    Email: SOAR@salisbury.edu
    Phone: 410.543.6206


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    Salisbury University
    Guerrieri Academic Commons
    1101 Camden Ave.
    Salisbury, MD 21801

    www.salisbury.edu

    Contact Information:
    Email: SOAR@salisbury.edu
    Phone: 410.543.6206


    If you wish to submit a copyright complaint or withdrawal request, please email mdsoar-help@umd.edu.